A clearing house is a centralized and computerized system for settling indebtedness between members, enabling efficient offsetting of claims for direct debits and credits.
Clearstream is a pan-European clearing and settlement facility for eurobonds and other financial securities, based in Luxembourg. It plays a crucial role in the European financial market infrastructure.
Deutsche Börse AG is an international market-place organizer for trading in securities, commodities, and derivatives, based in Frankfurt, Germany. It operates the Frankfurt Stock Exchange and the clearing and settlement facility Clearstream, and it is a joint owner of the electronic derivatives exchange Eurex.
